Longtime U.S. Department of Veterans Affairs (VA) executive and mortgage professional John Bell III announced on LinkedIn that he’s leaving his role as executive director of the VA’s Loan Guaranty Service (LGY). Bell’s post on Monday touted his key accomplishments at the VA, such as increasing its mortgage market share from less than 1% to […]
VA’s John Bell III stepping into new role at Office of Mission Support Read More »
President Donald Trump on Wednesday signed Rep. Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate. The VA Home Loan Program Reform Act will reform the U.S. Department of Veterans Affairs (VA) mortgage program by adding a partial claim option — a
Trump signs VA foreclosure prevention bill into law Read More »
There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program. But just last month, the program was abruptly discontinued by the U.S. Department of Veterans
Without VASP, veterans don’t have a foreclosure safety net Read More »
Loan volume through the U.S. Department of Veterans Affairs (VA) is up 45% during the first half of 2025 compared to the same period in 2024. That’s according to an analysis of VA loan data released Wednesday by Veterans United Home Loans. The analysis, based on lending data from the first half of fiscal year
VA loans are up 45% annually as Gen Zers lead the charge Read More »
Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so the lender can better serve the
Rocket Pro announces partnership with Vetted VA Read More »
Housing issues for U.S. veterans continue to be a major topic of conversation among housing advocates and lawmakers. Despite Monday’s passage of a bill to establish a partial claim option for veterans, some are still calling for the reinstatement of the Veteran Affairs Servicing Purchase (VASP) program. VASP was started last year under the Biden
Despite new veteran partial claim bill, some advocates call for VASP revival Read More »
Following about 20 minutes of debate on the floor of the House of Representatives on Monday, H.R. 1815 — known as the V.A. Home Loan Program Reform Act — was passed by voice vote and will now be given to the Senate for additional debate. The passage by the House keeps the bill moving through
House passes bill to give VA borrowers a partial mortgage claim option Read More »